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ForexUpdated•Originally published 20 April 2026•Updated 22 April 2026•

1 min read

EUR/USD Breaks Below 1.1800 Level as Geopolitical Tensions Escalate

Two central bankers, Christine Lagarde and Thomas Jordan, with EU and Swiss flags, Euro and Swiss Franc symbols, and coins.

Key Facts

1The EUR/USD pair retreated below the psychological 1.1800 level, reaching 1.1765.

2Market focus remains on rising tensions between the US and Iran following the seizure of an Iranian cargo ship.

The EUR/USD pair extended its decline today, breaking below the key 1.1800 psychological level to reach 1.1765, driven by safe-haven demand for the US Dollar amid US-Iran geopolitical tensions. Beyond geopolitics, rising US Treasury yields have emerged as a primary catalyst for Greenback strength, signaling a potential downward move toward the 1.16 support level. Technical analysis now identifies a firm resistance zone between 1.18 and 1.1850, acting as a significant barrier to any Euro recovery. This breach continues a four-day selling streak as markets monitor the implications of the US Navy seizing an Iranian cargo ship. Analysts suggest that the bearish momentum could intensify if US yields remain elevated, while risk appetite remains sensitive to further diplomatic or military developments.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Added specific technical resistance levels (1.18-1.1850) and downside targets (1.16), while linking the move to rising US yields.